All other things held constant, the present value of a given annual annuity decreases as the number of periods per year increases.
Answer the following statement true (T) or false (F)
True
Rationale: One could make up an example and see that the statement is true. Alternatively, one could simply recognize that the PV of an annuity declines as the discount rate increases and recognize that more frequent compounding increases the effective rate.
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Indicate whether the statement is true or false
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A) consumer activism B) consumer legal action C) consumer e-mail campaigns D) governments to advance new products
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